Whistleblowers have made a busy summer for the SEC this year, and there is no sign of any slowdown. Two cases saw bounties of $6 million, as described in a recent press release.
In the first order, whistleblower received a bounty of over $3.5 million after reporting new and beneficial information to the SEC. This information helped SEC to expand an already-existing investigation into a new geographical area. Noted in the SEC order is that this whistleblower is also a foreign national, and traveled for in-person meetings with staff multiple times regarding this case. The individual continued to provide assistance and information that ultimately led to charges related to the enforcement action, and ultimately, an award. Continue reading